Madison International Backs SFR With $150M Commitment

The partnership will allow REI to expand its portfolio.

Ronald Dickerman believes the partnership will allow both parties to pursue new opportunities in the SFR space. Image courtesy of Madison International Realty

Madison International Realty has entered a strategic partnership with REI Nation, a Memphis-based single-family rental operator managing 7,600 homes. The private equity firm has committed $150 million in strategic growth capital to REI, which plans to expand its SFR capabilities.

With more than two decades of experience in the sector, REI Nation has sold, acquired and renovated SFR assets across 13 southeastern and Texas markets. So far, the company recorded $1.7 billion in sales. REI Nation is active in Memphis, Tenn.; Little Rock, Ark.; Oklahoma City and Tulsa, Okla.; Dallas-Fort Worth, Houston and San Antonio, Texas; St. Louis, Mo., as well as Birmingham, Huntsville and Tuscaloosa, Ala.

Madison International Realty Founder & President Ronald Dickerman believes that the equity stake will allow both parties to pursue opportunities in the SFR market and perceives REI Nation as one of the largest firms in the single-family rental space, according to a prepared statement.

Active in both multifamily and commercial real estate, Madison has continued to provide equity solutions to investors and platforms looking to grow their portfolios, raising $8 billion in capital commitments from over 175 institutional investors globally to date.

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